After rising earlier in the session, U.S. stocks turned negative ahead of Donald Trump's closely watched inauguration on Friday. Meanwhile, the European Central Bank left key interest rates unchanged and maintained its monthly pace of asset purchases at €80 billion ($85 billion) until March. The stimulus will be lowered to €60 billion per month starting in April. Those changes were announced in December.
Despite a rise in inflation last month, European Central Bank President Mario Draghi, in a press conference, pointed to overall inflation trends in the eurozone. Inflation remains below the central bank's target.
Netflix (NFLX) shares surged after the company topped fourth-quarter estimates on Wednesday after the markets closed. Netflix added 7.05 million subscribers, ahead of the 3.57 million added in the third quarter.
Kinder Morgan (KMI) shares were lower after the company reported a nearly 7% drop in revenue year over year for the fourth quarter as less oil flowed through its pipelines.